§5916. Exception for foreign payment stablecoin issuers and reciprocity for payment stablecoins issued in overseas jurisdictions — Inbound Citations

Citations to 12 U.S.C. § 5916 as a whole

• 12 U.S.C. § 5902(b)(1)

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  (1) Except as provided in subsection (c) and section 5916 of this title, beginning on the date that is 3 years after July 18, 2025, it shall be unlawful for a digital asset service provider to offer or sell a payment stablecoin to a person in the United States, unless the payment stablecoin is issued by a permitted payment stablecoin issuer.
• 12 U.S.C. § 5902(b)(2)

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  (2) It shall be unlawful for any digital asset service provider to offer, sell, or otherwise make available in the United States a payment stablecoin issued by a foreign payment stablecoin issuer unless the foreign payment stablecoin issuer has the technological capability to comply, and will comply, with the terms of any lawful order and any reciprocal arrangement pursuant to section 5916 of this title.